Question
Arghus, Inc. is a 501(c)(3) organization and with the following revenues and expenses: Grant from Gates Foundation $ 70,000 Charitable contributions received 625,000 Expenses in
Arghus, Inc. is a 501(c)(3) organization and with the following revenues and expenses:
Grant from Gates Foundation $ 70,000
Charitable contributions received 625,000
Expenses in carrying out its exempt mission 500,000
Net income before taxes of a wholly owned for-profit
Subsidiary, Kids Cove, Inc. 400,000
Kids Cove sends all its after-tax profits each year to Arghus. Calculate the amount of the Federal income tax, if any, for Arghus and Kids Cove.
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Auditing Your Human Resources Department A Step By Step Guide To Assessing The Key Areas Of Your Program
Authors: John H. McConnell
2nd Edition
0814416616, 978-0814416617
